Company Overview
Snapshot
Founded in November 2012 by Isaac Saft and Noam Guzman, Blue dot has grown to 201–500 employees. The company has raised $95 million across 7 funding rounds from 6 investors. In December 2022, Blue dot formed a strategic alliance with KPMG Germany to jointly offer taxable employee benefits technology.
Business overview
Blue dot develops a dynamically updated, technology-based financial platform focused on automated VAT recovery and governance. The company's platform scrutinizes millions of employee-driven market transactions to identify those with tax implications, serving the Fintech & Insurtech sector. Its core technology leverages artificial intelligence, deep learning, natural language processing, and machine learning to provide compliance, tax refund, and enterprise solutions.
Strategic signal
In December 2022, Blue dot announced a strategic alliance with KPMG Germany to jointly offer taxable employee benefits technology. This collaboration signals a significant move towards expanding its market reach and strengthening its offering in the employee benefits and tax compliance space, indicating a strategic validation of its technology and a potential for broader enterprise adoption.
Log in to access full profile ›Company Intelligence Q&A
- What is Blue dot's primary focus?
- Blue dot specializes in automated VAT recovery and governance, utilizing a technology-based financial platform to scrutinize employee-driven market transactions for tax implications.
- When was Blue dot founded and by whom?
- Blue dot was founded in November 2012 by Isaac Saft and Noam Guzman.
- What was a key strategic development for Blue dot in late 2022?
- In December 2022, Blue dot formed a strategic alliance with KPMG Germany to jointly offer taxable employee benefits technology.
- Which investors participated in Blue dot's April 2021 funding round?
- In April 2021, Blue dot secured funding from investors including Ibex Investors.
- What was a significant product development for the company in March 2019?
- In March 2019, Blue dot (then VATBox) launched Version 6 of its AI platform, aimed at revolutionizing VAT recovery and compliance.